FMC Tech (FTI) Gets Subsea System Supply Contract from Anadarko (APC) for Lucius Play

January 10, 2012 4:01 PM EST
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Anadarko Petroleum Corporation (NYSE: APC) to provide subsea systems and life-of-field services for its Lucius project.

The Lucius field is located approximately 275 miles southeast of Galveston in Keathley Canyon Block 875, in water depths of approximately 7,100 feet (2,160 meters). FMC's scope of supply includes five subsea production trees and two manifolds. The equipment will be supplied from the Company's operation in Houston and deliveries are expected to begin in the fourth quarter of 2012.


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